4.0% the Average Increase of the Inflation Rate for October 2018

4.0% the Average Increase of the Inflation Rate for October 2018

The monthly report on inflation in Jordan issued by the Department of Statistics indicates that the Consumer Price Average (Inflation) reached 125.1 in October 2018 against 120.3 during the same month of 2017 recorded an increase by 4.0%.The main commodities groups, which contributed to this increase, were “Transport” by 1.18 percentage points “Cereals and its Products” by 1.14 percentage points, “Tobacco and cigarettes” by 0.60 percentage points, “fuel and lighting” 0.47 percentage points, “Rents” 0.41 percentage points. Meanwhile, the main commodities groups which witnessed a decrease in their prices were “Meat & poultry” by 0.34 percentage points, “Fruits & nuts” 0.09 percentage points, “Sugar and its products” by 0.02 percentage points and “spices, food appetizers and other food items” by 0.02 percentage points.
The Consumer Price Average for October 2018 has increased by 0.1% compared with the previous month (September) 2018. The main commodities groups which contributed to this decrease were “Meat & poultry” by 0.24 percentage points, “fuel and lighting” 0.02 percentage points, “Clothes” by 0.01 percentage points, “Education” by 0.01 percentage points and “Education and entertainment” by 0.01 percentage points. Meanwhile, the main groups which witnessed an increase in their prices were “Vegetables, Dried and Canned Legumes” by 0.10 percentage points, “Fruits & nuts” by 0.04 percentage points, Cereals and their products” 0.01 percentage points and “personal care ” by 0.003 percentage points.
The report also shows that the Consumer Price Average for the first ten months of 2018 has increased by 4.5% compared with the same period of 2017. The main commodities groups which contributed to this increase were “Transport” by 1.40 percentage points, “Cereals and their products” 1.01 percentage points , “Tobacco and cigarettes” by 0.64 percentage points, “Rents” by 0.42 percentage points and “fuel and lighting” by 0.40 percentage points. Meanwhile, the main commodities groups which witnessed a decrease in their prices were “Vegetables, Dried and Canned Legumes” 0.17 percentage points , “Clothes” 0.05 percentage “spices, food appetizers and other food items” 0.01 percentage points ,points and “footwear” by 0.01 percentage points.
As for the core inflation of the consumer Price index for October 2018 (which is calculated after excluding the most fluctuating commodities’ prices of food, fuel , lighting and transport group) it has reached 129.2 against 126.5 recording an increase of 2.1% during the same month of 2017.Read More….